“They are entitled to understand how that happened and, where they were misled, to seek compensation from those responsible.
“These proceedings follow years of investigation into a highly complex set of facts and legal issues. They are about establishing accountability for what happened at Home REIT and securing proper redress for our clients.
“The defendants now have the opportunity to engage seriously with these claims and explore whether they can be resolved.”
In a statement, Home REIT said its board noted the announcement from Harcus Parker.
“The company cannot comment any further at this stage and a further announcement will be made at the appropriate time,” it said.
The investment trust, which provides accommodation…